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Team Lease Services
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Company History
TeamLease Services Limited is one of India's leading providers of human resource services in the organized segment, delivering a broad range of human resource services to various industries. The company's services span the entire supply chain of human resources in India, covering 3 E's - Employment, Employability and Education. The Company provides a gamut of HR services that include Staffing Services, Temporary Recruitment, Permanent Recruitment, Payroll Process Outsourcing, Regulatory Compliance Services, Vocational Training / Education and Assessments.
TeamLease Services Limited was originally incorporated as a Private Limited Company on February 02, 2000 with Registrar of Companies, Mumbai, Maharashtra, India under the name India Life Chakravarti Actuarial Services Private Limited. The name of the Company was changed to Team Lease Services Private Limited on January 24, 2002. The Company got converted into a Public Limited and name of the Company was changed to Team Lease Services Limited through a fresh Certificate of Incorporation issued on May 15, 2015. Further, the name of Company was changed to TeamLease Services Limited and a fresh certificate of incorporation was issued on July 24, 2015.
In 2010, the company acquired IIJT.
In 2011, the company entered into a memorandum of understanding with the Government of Gujarat to establish a private university and also co-founded Indian Staffing Federation' to professionalise the Indian staffing industry. The company also entered into a memorandum of understanding with the Government of Gujarat to establish a private university and in 2013 TLSU was established as a university under the Gujarat Private Universities Act.
In 2014, the company established public private partnership project for apprenticeship (NETAP).
During the year ended 31 March 2016, TeamLease Skills University (TLSU), a Public-Private Partnership, with the Government of Gujarat, commenced operations and was among the few Universities selected by the United Kingdom Education Research Initiative (UKERI). In terms of the said initiative, the University has received grants that are to be utilized for faculty development. TeamLease Education Foundation is the sponsor of TLSU.During the year under review, the company's headcount crossed 110,000 including both core employees and associate employees. The company's total client base increased from 1,200+ in FY2015 to 1,400+ in FY2016 spreading across all industries and verticals. The company's apprenticeship program, launched through TeamLease Education Foundation (TLEF), crossed 16,000 apprentice enrolments during FY2016 of which about 4,000 trainees have been certified during the year.
During the financial year ended 31 March 2017, TeamLease Services incorporated a wholly owned subsidiary company, TeamLease Staffing Services Private Limited, for the purpose of entering into IT staffing business.
During the year under review, TeamLease Services' wholly owned subsidiary, TeamLease Staffing Services Private acquired 3 IT staffing companies viz. Asap Info Systems Private Limited, Nichepro Technologies Private Limited and Keystone Business Solutions Private Limited. Consequent to the acquisitions of these three entities the base platform of the company's staffing business has extended its arms to IT staffing business.
The Company has 5 direct and indirect subsidiaries and 2 Associate Companies as on March 31, 2018.
In FY 2018, the company made investments in Cassius Technologies Private Limited and School Guru Eduserve Private Limited.
During the year, the Company acquired Evolve Technologies & Services Private Limited (Evolve), IT and telecommunication staffing Company. The Company was acquired as a step-down subsidiary of its Company through TeamLease Digital Private Limited TDPL w.e.f. November 01, 2017.
ASAP Info Systems Private Limited (ASAP) and Nichepro Technologies Private Limited, wholly owned subsidiaries of TDPL has been merged into TDPL vide approval of NCLT Chennai dated November 30, 2017 and NCLT Mumbai dated November 16, 2017. Subsequent to the merger, the name of TeamLease Staffing Services Private Limited was changed to TeamLease Digital Private Limited w.e.f. March 08, 2018.
The members of the Company have approved the shifting of the Registered Office of the Company from the State of Maharashtra to the State of Karnataka i.e., from Office No. 6, 3rd Floor, C Wing, Laxmi Towers, Bandra Kurla Complex, Bandra (E), Mumbai, Maharashtra - 400051 to 6th Floor, BMTC Commercial Complex, 80 Ft Road, Koramangala, Bangalore - 560095. The Company received order from Regional Director, Western Region on October 25, 2018 and filed the same respective authority as on October 27, 2018.
In FY 2018, the Company had made an investment of 30% stake in Cassius or Fresherworld on June 01, 2017. The Company has further acquired additional 21% stake and pursuant to such an investment, Cassius or Fresherworld became subsidiary company w.e.f. August 01, 2018. It acquired 33.33% stake in its subsidiary, Avantis - RegTech in FY 2018.
The Company has Six direct and indirect subsidiaries, One Joint Venture, One Associate Company and One Public-Private Partnership as on March 31, 2019.
During the year 2019, the Company had through its subsidiary, TDPL, acquired the IT Staffing vertical, of E Centric Solutions Private Limited, by way of business transfer/ slump sale arrangement. It acquired IT Staffing vertical of Ecentric, Hyderabad-based HR Services company in April and IMSI (IT Infra) in November 2019.
The Company has seven direct and indirect subsidiaries, one Joint Venture, one Associate Company and one Public-Private Partnership as on March 31, 2020.
In FY 2020, It increased equity stake to 100% in FW.com, a TeamLease Digital Company. It acquired further 36.17% stake in Subsidiary companies, Edtech in September and 4.89% equity stake in Avantis in October.
The Company has eight direct and indirect subsidiaries, one Joint Venture and one Public-Private Partnership as on March 31, 2021.
As on March 31, 2021, Company held 93.94% Stake in IMSI.
During the year 2021, the Company acquired additional balance equity stake of 24% in E-Hire at an agreed consideration of Rs. 572 lakhs.
During the year 2021, Company acquired additional equity stake of 37.14% in TeamLease Edtech Limited (TLEL), thereby increasing total stake to 78.43% in TLEL.
The Company has seven direct and indirect subsidiaries and one Public-Private Partnership as on March 31, 2022.
During the year 2022, Evolve Technologies & Services Private Limited (Evolve/Transferor), a step down Wholly Owned Subsidiary of TeamLease was amalgamated into TeamLease Digital Private Limited (TDPL/Transferee), Wholly Owned Subsidiary of the Company vide NCLT Order dated November 24, 2021. Additionally, Company through a Share Purchase Agreement sold its entire shareholding in IIJT Education Private Limited, effective on December 03, 2021. With this sale, IIJT Education Private Limited ceased to be a wholly owned subsidiary of the Company and/or a Group Company of TeamLease Group.
As on March 31, 2022, Company held 100% Stake in IMSI, an IT Infra staffing company.
In FY 2022-23, a new solution, Contractor Compliance', was launched. It launched an annual programme to enhance the holistic well-being of our people by focusing on four key elements: nutrition, physical activity, mental health, and financial wellness.
Team Lease Services Share Price
Team Lease Services share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.
Team Lease Services Market Cap
Market capitalization of Team Lease Services indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how Team Lease Services is valued compared to its competitors.
Team Lease Services PE Ratio
Team Lease Services PE ratio helps investors understand what is the market value of each stock compared to Team Lease Services 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.
Team Lease Services PEG Ratio
The PEG ratio of Team Lease Services evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.
Team Lease Services ROE (Return on Equity)
Return on Equity (ROE) measures how effectively Team Lease Services generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.
Team Lease Services ROCE (Return on Capital Employed)
Return on Capital Employed (ROCE) evaluates the profitability of Team Lease Services in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.
Team Lease Services Total Debt
Total debt of Team Lease Services shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.
Team Lease Services Debt to Equity Ratio
The Debt-to-Equity (DE) ratio of Team Lease Services compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.
Team Lease Services CAGR (Compound Annual Growth Rate)
CAGR shows the consistent growth rate of Team Lease Services over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.
Team Lease Services Technical Analysis
Technical analysis of Team Lease Services helps investors get an insight into when they can enter or exit the stock. Key components of Team Lease Services Technical Analysis include:
Support Levels (S1, S2, S3)
There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.
Resistance Levels (R1, R2, R3)
There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Team Lease Services shares often struggle to rise above due to selling pressure.
Team Lease Services Dividends
Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Team Lease Services ’s financial health and profitability.
Team Lease Services Bonus Shares
Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.
Team Lease Services Stock Split
Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.
Team Lease Services Financials
The financials of Team Lease Services provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.
Team Lease Services Profit and Loss Statements
The profit and loss statement of Team Lease Services highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of Team Lease Services .
Team Lease Services Balance Sheet
The balance sheet presents a snapshot of Team Lease Services ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.
Team Lease Services Cashflow Statements
Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.
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SEBI REGISTERED RESEARCH ANALYST REGISTRATION NUMBER: INH000015729Disclaimer: "Investments in securities are subject to market risks. Read all the related documents carefully before investing." Receiving registration from SEBI and certification from NISM does not assure the performance of the intermediary or guarantee returns to investors in any manner. Compliance Email: [email protected]
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